Look out!

Pricing pointing up

Consumer beware!

Since January 18, 2007, we saw crude oil reach a low of $50.47 US a barrel. You just knew it wasn't going to last long.

You'd be right if you guessed upwards movement is coming to consumers in the coming days...

Numbers so far, are showing an allowable upwards movement on stove oils of something in the order of 4.4 cents a litre. That may be pointing the way up for distillates like heating oils and diesels.

Gasoline pricing is also into interrupt territory and consumers will likely see a movement up by something in the order of 4.6 cents on a litre.

Nova Scotia and New Brunswick users beware and fill before Friday as, I also have upwards movement on gasoline on the consumer level. Because you have a different adjustment time, you won't see as much in the Maritimes but, you will still get hit. So far, I have a 3.4 cent a litre movement to come to you.

Colder weather and OPEC cuts are taking the blame this time around but, you have to ask yourself if the market traders should be under closer scrutiny for this one. Being this close to the end of winter, is it that likely that we are going to go through what's in total inventory?

Perhaps a U.S investigation of trader practises in the U.S is in order?

Oh well...Here we go again!